Why use Payl8r?
We've got you covered
* Apply without affecting your credit
* High acceptance rates
* Low interest rates
* Interest free periods
* Flexible friendly finance
How does it work
* Ask us to send the Payl8r link to apply
* payment process
* Select deposit, instalment plan & complete the 60 second application form.
* Receive Confirmation
* Account Setup
Log into your account to view all purchases and payment dates.
How do I repay Payl8r?
You can repay in full within 30 days at 0.0% interest, or choose an instalment plan to repay on a monthly basis. You can change your instalment plan at any time.
Interest rates from 1% per month - remember, if you pay in full in the first month, your loan will be at 0% interest.
Will I qualify?
* Be a UK resident
* Have online banking
* Have a regular source of income
Finance is subject to your ability to repay the loan.
How do we assess your affordability?
If you fail a traditional credit check, rather than rejecting your application we may give you the option to submit your affordability instead by supplying an electronic 90 day bank statement.
Representative Example: If you borrow £200 over 12 months at a fixed monthly interest rate of 4% and an annual rate of 48% and representative annual percentage rate of 127.34%
You will pay:
Monthly payment: £24.66.
Total amount you repay: £295.92
Total charge for credit: £95.92